Analysis: Income tax hike will cost Macoupin County residents $10.9M more this year

The Amtrak station in Carlinville, a city in which residents are projected to experience a $1,903,207 tax increase this year. | By Adam Moss [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

Macoupin County residents will pay an additional $10,916,160 in state income taxes this year, according to an analysis by Local Government Information Services (LGIS).

LGIS combined Illinois Department of Revenue data with a forecast by Senate Democrats to estimate how much additional income tax will be paid in each Illinois zip code.

The following Macoupin County communities will pay the most: Carlinville ($1,903,207 total/$546 per person), Brighton ($1,764,846/$595), Staunton ($1,667,783/$563) and Gillespie ($943,166/$479).

Retroactive to July 1, the higher rate -- now 4.95 percent, up from 3.75 percent -- will be withheld from employee paychecks over the last six months of 2017.

Before the hike, someone earning $50,000 paid $72 in state income tax per paycheck when paid twice a month. That person will now pay $95, or an additional $600 per year.

Senate Democrats estimate the tax hike will siphon $4.453 billion more this year from individual taxpayers. Businesses will pay another $1 billion.

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How much more will your community pay?

State income taxes have increased to 4.95 percent from 3.75 percent. This chart shows how much more taxpayers in your community will pay for state government.